Is WR Grace (NYSE:GRA) now a ‘Buy’ After a Jefferies Upgrade?

May 16, 2018 - By Catherine Nunes

W. R. Grace & Co. (NYSE:GRA) Logo

Investors sentiment increased to 1.34 in 2017 Q4. Its up 0.13, from 1.21 in 2017Q3. It is positive, as 24 investors sold W. R. Grace & Co. shares while 68 reduced holdings. 37 funds opened positions while 86 raised stakes. 56.69 million shares or 0.57% more from 56.37 million shares in 2017Q3 were reported.

Point72 Asset Lp holds 0.05% of its portfolio in W. R. Grace & Co. (NYSE:GRA) for 178,400 shares. Ubs Asset Mngmt Americas invested 0.01% of its portfolio in W. R. Grace & Co. (NYSE:GRA). State Of Wisconsin Investment Board reported 52,277 shares or 0.01% of all its holdings. Hutchin Hill Capital Lp holds 4,900 shares or 0.1% of its portfolio. The Ohio-based Pub Employees Retirement Systems Of Ohio has invested 0.01% in W. R. Grace & Co. (NYSE:GRA). Wealthtrust Axiom Ltd has 4,791 shares for 0.12% of their portfolio. Advisory Services Ntwk Llc accumulated 13 shares. Brown Advisory owns 10,585 shares for 0% of their portfolio. Invesco Ltd reported 974,321 shares. Moreover, Nelson Van Denburg & Campbell Wealth Grp Inc Limited Liability Company has 0.06% invested in W. R. Grace & Co. (NYSE:GRA) for 3,760 shares. Private Trust Com Na, Ohio-based fund reported 11,140 shares. Moreover, Ubs Oconnor Ltd Liability Corp has 0.1% invested in W. R. Grace & Co. (NYSE:GRA). Daiwa Group reported 2,150 shares or 0% of all its holdings. Cubist Systematic Strategies Lc reported 16,612 shares. Parametric Port Assocs Limited accumulated 0.01% or 71,629 shares.

Since February 13, 2018, it had 3 insider purchases, and 0 sales for $660,474 activity. $248,520 worth of W. R. Grace & Co. (NYSE:GRA) was bought by Brown Elizabeth C. $65,758 worth of W. R. Grace & Co. (NYSE:GRA) shares were bought by Cole Keith N.

WR Grace (NYSE:GRA) Stock Upgrade

Trading of shares of WR Grace (NYSE:GRA) will be interesting to watch this afternoon as Jefferies upgraded the stock to a “Buy”.

W. R. Grace & Co. (NYSE:GRA) Ratings Coverage

Among 6 analysts covering WR Grace (NYSE:GRA), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. WR Grace has $88.0 highest and $76.0 lowest target. $82.50’s average target is 14.46% above currents $72.08 stock price. WR Grace had 10 analyst reports since January 15, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Buy” rating in Monday, January 15 report. Robert W. Baird maintained W. R. Grace & Co. (NYSE:GRA) on Friday, February 9 with “Buy” rating. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, April 25. The company was maintained on Thursday, April 26 by KeyBanc Capital Markets. As per Wednesday, April 11, the company rating was maintained by Credit Suisse. The company was maintained on Monday, February 12 by Seaport Global. The firm has “Buy” rating given on Tuesday, March 27 by BMO Capital Markets. The rating was maintained by KeyBanc Capital Markets with “Buy” on Friday, February 9. The rating was maintained by UBS with “Buy” on Thursday, April 26. The firm has “Buy” rating by Robert W. Baird given on Tuesday, April 17.

The stock increased 1.32% or $0.94 during the last trading session, reaching $72.08. About 814,729 shares traded. W. R. Grace & Co. (NYSE:GRA) has declined 11.43% since May 16, 2017 and is downtrending. It has underperformed by 22.98% the S&P500.

Analysts await W. R. Grace & Co. (NYSE:GRA) to report earnings on July, 26. They expect $0.95 earnings per share, up 13.10 % or $0.11 from last year’s $0.84 per share. GRA’s profit will be $63.94 million for 18.97 P/E if the $0.95 EPS becomes a reality. After $0.82 actual earnings per share reported by W. R. Grace & Co. for the previous quarter, Wall Street now forecasts 15.85 % EPS growth.

W. R. Grace & Co. produces and sells specialty chemicals and materials worldwide. The company has market cap of $4.85 billion. It operates through two divisions, Grace Catalysts Technologies and Grace Materials Technologies. It has a 450.5 P/E ratio. The Grace Catalysts Technologies segment offers fluid catalytic cracking catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and other petroleum products; FCC additives; and hydro processing catalysts used in process reactors to upgrade heavy oils into lighter products.

More notable recent W. R. Grace & Co. (NYSE:GRA) news were published by: Globenewswire.com which released: “Grace Announces Departure of CFO and Appointment of Interim CFO” on May 14, 2018, also Globenewswire.com with their article: “Grace to Present at Goldman Sachs Basic Materials Conference 2018” published on May 07, 2018, Globenewswire.com published: “Grace Announces Surcharge on FCC SOx Reduction Additives” on April 26, 2018. More interesting news about W. R. Grace & Co. (NYSE:GRA) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” published on May 16, 2018 as well as Globenewswire.com‘s news article titled: “Grace Announces Quarterly Dividend” with publication date: April 25, 2018.

W. R. Grace & Co. (NYSE:GRA) Institutional Positions Chart

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